Price Analysis

Binance Coin (BNB) Reverses the Trend by Losing 1% Over Last Day

  • Binance Coin price is down by 1.088% over the last 24 hours
  • It may find the next halt at $20.54

After starting the week with a hike, the Binance coin seems to have a moderate price movement. In the last 24 hours, it has been down by 1.088%. The three price shifts in this period are in the range between $20.46 and $19.74.

Binance Coin Price Analysis:

BNB coin had its first swing in the initial 10 hours that cost it 0.7195007 USD and pushed the price to 19.7409 USD. It was followed by a 2.46% hike, and it added 0.4861116 USD to the value and reached 20.22 USD.

The last variation happened between 21:17 UTC and 01:43 UTC today, and in these 4 hours and 26 minutes, Binance Coin got a hike of 1.30% and added 0.259 USD to touch 20.2629306 USD.

Binance Coin Price Chart
BNB Price Chart by TradingView

Binance Coin’s last seven days’ price trend has been full of fluctuations and instability. It started the week at around 20.85 USD and reached the lowest point at 19.49 USD.

The 20 days average is Binance Coin is now at 20.2307 USD, and the 50 days average stands at 20.2232 USD. The current price at 20.2413 USD is 0.089% and 0.052% more than the 50 days and 20 days moving averages, respectively. Binance Coin’s next halt is likely to come at 20.54 USD.

Resistance and Support Levels

R1- $20.54, R2- $20.95, R3- $21.26

S1- $19.82, S2- $19.51, S3- $19.1

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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